Three M Paper Boards Limited (BSE SME)

Jul 12, 2024 - Jul 16, 2024

Price ₹67 - ₹69
Premium ₹30
Lot size 2000
Allotment Jul 18, 2024
Listing Jul 22, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 2000 138000 960
HNI 2 4000 276000 412

Last updated on 16 Jul 2024 05:26:58 PM

CategoryOfferedAppliedTimes
QIBs10960008699200079.37
HNIs824000234856000285.02
Retail1920000336368000175.19
Total3840000658216000171.41
Total Applications: 183067
HNI Interest Cost Per Share (7 Days)
@7%
₹26.4
@8%
₹30.17
@9%
₹33.94
@10%
₹37.72
@11%
₹41.49
@12%
₹45.26
About

Three M Paper Boards IPO Reservation

Investor Category Shares Offered No. of Shares
Retail 33.26% 1920000
NII (HNI) 14.28% 824000
Anchor 28.45% 1642000
QIB 18.99% 1096000
Market Maker 5.02% 290000
Total  100.00% 5772000

Three M Paper Boards IPO Details

Issue Size 5,772,000 shares
(aggregating up to ₹39.83 Cr)
Fresh Issue 5,772,000 shares
(aggregating up to ₹39.83 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue 13,465,360
Share holding post issue 19,237,360
Market Maker portion

290,000 shares

Comfort Securities

Key Performance Indicator

KPI Mar-24 Mar-23 Mar-22
ROE 18.57% 14.00% 8.06%
ROCE 19.71% 15.44% 12.93%
RONW 18.51% 14.00% 8.06%
D/E 1.19 1.73 1.92
EPS
(basic)
8.6 5.05 2.50
P/E
Pre IPO
8.19    
P/E
Post IPO
11.7    

Company Financials

Three M Paper Boards Limited Financial Information (Restated Consolidated)

Three M Paper Boards Limited's revenue increased by 4.35% and profit after tax (PAT) rose by 101.96% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Mar 2024 Mar 2023 Mar 2022 Mar 2021
Assets 19,519.88 18,942.55 18,150.44 14,225.50
Revenue 27,601.56 32,974.92 31,600.49 16,552.14
Profit 1,134.72 661.53 327.56 172.63
Net Worth 6,110.39 4,725.67 4,064.14 3,736.58
Reserves 4,763.85 4,070.65 3,409.12 3,081.56
Borrowing 7,264.08 8,182.40 7,802.06 5,353.41
Amount in ₹ Lakhs

About Company

Three M Paper Boards Limited, established in July 1989, is a prominent manufacturer of high-quality recycled paper-based Duplex Board products, serving various industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods. Based in Mumbai with a manufacturing facility in Chiplun, Dist. Ratnagiri, Maharashtra, the company boasts a production capacity of 72,000 TPA of paper as of FY 2022-23. It maintains a robust nationwide presence through 25 dealers and a strong distribution network, ensuring accessibility across India. The company's commitment to excellence is evidenced by its export of products to over 15 countries in the Asia-Pacific, Middle East, Mediterranean, and African regions, meeting global standards. As of February 2024, Three M Paper Boards Limited employs 231 individuals across various departments, underscoring its role as a significant player in the packaging industry both domestically and internationally.

Strength Factors

Strong Brand Presence: With a 34-year history in the Duplex Paper industry, Three M Paper Boards Limited has established itself as a reliable and respected brand.

Experienced Leadership: The company benefits from experienced promoters and a proven track record, ensuring stable and effective management.

Diverse Product Portfolio: Catering to various consumer segments and markets, the company offers a diversified range of products that meet the needs of different industries, both domestically and internationally.

Risk Factors

Legal Proceedings: Ongoing legal issues involving the company, promoters, and directors could materially affect the business, operations, and financial health if adverse decisions are made.

Customer Dependence: The company's revenue is heavily reliant on a few significant customers, and losing any of them or experiencing a drop in demand could negatively impact financial performance and cash flow.

Negative Cash Flows: Past negative cash flows from operating, investing, and financing activities highlight potential financial instability and risk for the company's future operations.

Lead Manager(s)

Three M Paper Boards IPO Lead Manager(s)

  • Comfort Securities Pvt Ltd
Strength
Weakness
Registrar

Bigshare Services Pvt Ltd

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Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html